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Key Takeaways
Mango Markets has accepted a proposal that may permit an attacker to maintain a portion of funds stolen on Tuesday.
The attacker will maintain $47 million of the $113 million initially stolen and can return the rest.
Mango Markets can even meet the hacker’s calls for and repay a nasty debt ensuing from a separate incident.
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Mango Markets’ DAO has voted in favor of a proposal that may permit an attacker to retain $47 million of stolen funds.Mango Will Resolve AttackA proposal that may assist Mango Markets get better from a current assault has been accepted.That proposal requests that the hacker accountable for Tuesday’s assault return $66 million of assorted cryptocurrency property. The hacker initially stole roughly $113 million from the protocol, that means that they are going to be allowed to maintain $47 million.
The proposal has gained 272 million votes in favor and 4.6 million votes in opposition to, representing a 98.5% approval price.The attacker initially promised to partially return the funds if Mango DAO paid off a debt arising from a separate incident. That demand led to an earlier proposal, which was overwhelmingly rejected at a price of 90.4%.In the present day’s alternate proposal will nonetheless accomplish the identical purpose. “By voting for this proposal, Mango token holders conform to repay the unhealthy debt with the treasury,” the proposal reads. It provides that funds returned “will probably be used to cowl any remaining unhealthy debt within the protocol” and that “all Mango depositors will probably be made complete.”The proposal first asks for sure property to be despatched as a present of fine religion. The hacker has to date returned $8 million of stolen property together with Bitcoin (BTC), Ethereum (ETH), Serum (SRM), FTX Token (FTT), Binance Coin (BNB), STEPN (GMT), Raydium (RAY), and Avalanche (AVAX) as requested.The attacker is anticipated to return the opposite tokens subsequent. These tokens embrace Solana (SOL), Mango (MNGO), USDCoin (USDC), and mSOL however haven’t but been despatched.Mango Markets additionally mentioned that it’s going to not pursue prison costs in opposition to the attacker or freeze any funds.Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
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